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Quote by Ray Dalio

“I think the greatest tragedy of mankind is that people have ideas and opinions in their heads but don't have a process for properly examining these ideas to find out what's true. That creates a world of distortions.”

Quote by Ray Dalio

Author

Ray Dalio, born in 1949, is a renowned American businessman, investor, and the founder of Bridgewater Associates, one of the world's largest hedge funds. He is known for his unique investment philosophy and successful corporate management. more

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“When I say I believe in radical truth and radical transparency, all I mean is we take things that ordinarily people would hide, and we put them on the table, particularly mistakes, problems, and weaknesses. We put those on the table, and we look at them together. We don't hide them.”

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“That's what I mean by radical truth. I mean accepting reality.”

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“I'd like to be clear that a number of people find me intolerable, and they don't hesitate to say so - which they and I cherish.”

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“We wouldn't be successful if we didn't have independent thinkers who can argue and then resolve their arguments.”

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“Each person assesses each other person's credibility on different dimensions, because people are strong and weak in different things.”

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“Some people have subject matter expertise in one thing. Some people tend to be creative but not reliable, and others are reliable but not creative. Everybody has different dimensions.”

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“When you're faced with a choice, you have one of three choices that you can have. You can have those with power decide. You can have one man, one vote. Or you can have believability-weighted decision-making.”

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“I'm scared of one man, one vote because it suggests that everybody has an equal ability at making decisions, and I think that's dangerous.”

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“I'm scared of people with power making the decision.”

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“I think the President of the United States must operate by rules. I think our judicial system must operate by the rules. You have to operate by the rules of the system, and if you don't, if you pull rank, then you lose all your credibility.”

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